Dulhasti Power Station (390 MW) has been developed by NHPC Limited with financing through equity and loans / market borrowings. Revenue from the project is being realised since its commissioning in April, 2007 from sale of power at the tariff determined by the Central Electricity Regulatory Commission (CERC) in accordance with applicable CERC tariff regulations. A significant portion of the revenue generated is utilised towards meeting Operation & Maintenance (O&M) expenses, debt servicing and other obligations. The earning of NHPC Limited from the project is limited only to the Return on Equity (RoE).
CEA has concurred the Detailed Project Report (DPR) of Dulhasti Stage-II Hydro Electric Project (HEP) (260 MW) on 26.05.2025. Environmental Clearance has been accorded on 07.01.2026, while Forest Clearance is not required as no forest land is involved. Further, the Board of Directors of NHPC Limited, on 20.02.2026, has accorded investment approval of the project. The construction timeline of the project is 44 months.
Based on the MoU signed between NHPC & JKSPDCL on 03.01.2021, wherein considering operational aspects, cost efficiency, construction & operational ease, economies of scale and to ensure synergy with Dulhasti Phase-I of the project, it has been agreed for execution of Dulhasti Stage-II HEP by NHPC Limited on BOOT (Build-Own-Operate-Transfer) basis.
